Ethereum Price Sees Significant Upsurge After Clearing Resistance

Ethereum's price has been on an upward trajectory after surpassing the $2,200 resistance level. This milestone has sparked predictions among analysts that the cryptocurrency could break through to new highs around $2,280 or even higher.

The recent surge can be attributed to Ethereum's ability to clear key Fibonacci retracement levels and a prominent bullish trend line on its hourly chart. The price of ETH/USD has now surpassed both the 100-hour simple moving average and the $2,180 support zone.